Global Tunnel Boring Machine (TBM) Market Growth 2023-2029

Global Tunnel Boring Machine (TBM) Market Growth 2023-2029

A tunnel boring machine (TBM) is a machine used to excavate tunnels with a circular cross section through a variety of soil and rock strata. They may also be used for micro tunneling. In Japan and China, the machines used for soil are called shield tunneling machines and machines used for hard rock are called tunnel boring machine. But in Europe and USA, they are called the same name tunnel boring machine. The research we did include all of them.

LPI (LP Information)' newest research report, the “Tunnel Boring Machine (TBM) Industry Forecast” looks at past sales and reviews total world Tunnel Boring Machine (TBM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Tunnel Boring Machine (TBM) sales for 2023 through 2029. With Tunnel Boring Machine (TBM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Tunnel Boring Machine (TBM) industry.

This Insight Report provides a comprehensive analysis of the global Tunnel Boring Machine (TBM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Tunnel Boring Machine (TBM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Tunnel Boring Machine (TBM) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Tunnel Boring Machine (TBM) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Tunnel Boring Machine (TBM).

The global Tunnel Boring Machine (TBM) market size is projected to grow from US$ 4271.4 million in 2022 to US$ 4914.2 million in 2029; it is expected to grow at a CAGR of 4914.2 from 2023 to 2029.

Global tunnel boring machine (TBM) key players include Herrenknecht, CRCHI etc. Global top 3 manufacturers hold a share over 65%.

Asia-Pacific is the largest market, with a share about 60%, followed by North America and Europe, both have a share about 30 percent.

In terms of product, soft ground TBMs is the largest segment, with a share over 55%. And in terms of application, the largest application is city rail system, followed by railway and highway.

This report presents a comprehensive overview, market shares, and growth opportunities of Tunnel Boring Machine (TBM) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Soft Ground TBMs

Hard Rock TBMs

Segmentation by application

City Rail System

Railway and Highway

Municipal Engineering

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

CRHIC

Herrenknecht

CRCHI

Tianhe Mechanical Equipment

Liaoning Censcience Industry Co., Ltd

JIMT

Robbins

Komatsu

Shanghai Tunnel Engineering Co., Ltd

Hitachi Zosen

Kawasaki

Terratec

Xugong Kaigong

Key Questions Addressed in this Report

What is the 10-year outlook for the global Tunnel Boring Machine (TBM) market?

What factors are driving Tunnel Boring Machine (TBM) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Tunnel Boring Machine (TBM) market opportunities vary by end market size?

How does Tunnel Boring Machine (TBM) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.